A credit card which handles your finances without a glitch and also spices up your vacation. Welcome the CIBC Aventura Visa Infinite Card – the key to opening a door to a world of possibilities. Whether one is traveling to another country on business or holiday or at the fuel station filling up their car tank, this card guarantees that all purchases taken will be earning.
Using their versatile points accumulation system that is based on expending item on regular purchases, customers can receive a number of commercial offers and travel privileges, which means that every minute in the world matters. Are you prepared to take it up a notch? Now we’d like to explain the key features of this awesome card.
Main features of the CIBC Aventura Visa Infinite Card
The CIBC Aventura Visa Infinite Card is a credit card by CIBC – the Canadian Imperial Bank of Commerce that has established itself as a leading banking institution that values the client and strives towards delivering high-quality and valuable financial products.
This credit card aims to target people who have an appreciation of traveling and are proficient in earning and redeeming reward points; those who have a raw income and willingness to earn more than they spend.
Understanding the annual fee
There is annual fee associated with the CIBC Aventura Visa Infinite Card and costs $139 per year. However the fee charged in the first, second, and third years are higher but new applicants should not worry as the first-year fee is waived, therefore, enabling you to investigate the advantages of the card without paying for it.
Deciphering credit limits
First of all, CIBC will estimate your income, your credit record, and the current amount of your outstanding balances to determine the proper credit limit. This process includes the analyses of the client’s balance sheet, income statement, credit rating, and other finances.
Advantages of the CIBC Aventura Visa Infinite Card
- Generous Points Program: Get 2 points for every $1 spent on travel by visiting the CIBC Rewards Centre and 1. Up to 5 times converting your money in the rewards at eligible gas and fuel stations, grocery stores, and drugstores. Everything else earns $1 = 1 point.
- Flexible Redemption Options: Convert them to a flight ticket, hotel and car hire accommodation, vacation packages and much more, or you can redeem them for other products like electronics, fuel, groceries and even cash!.
- Airport Lounge Access: Visa airport companion program is free and you get to peruse to four free visits to airport lounges globally.
Standout advantage
While it may not seem striking at first, the best feature of the CIBC Aventura Visa Infinite Card is its well rounded travel rewards program. Many other cards have a feature that the points you accumulate can expire, but with this specific card, they do not therefore, you can accumulate points for a holiday you want to take the following year, without having to worry that your points will not be accepted because they have reached their expiry date.
Addressing potential drawbacks
- Annual Fee: At $139 for the fee, it may turn off cardholders who do not travel often or are unable to fully utilize the card for travel.
- Income Requirements: It should be noted that the card exclusively targets the credit active and successful earners — with the minimum income per household standing at $1,000 monthly or $12,000 annually and $60,000 annually or $500 monthly for individual earners.
- Additional Card Fees: This is quite costly especially if you wish to make a number of cards for different members of the family; each extra card is $50.
Standout disadvantage
The main drawback of the CIBC Aventura Visa Infinite Card is the cardholder’s income limits. This requirement can be a hindrance to the many people that otherwise could be useful to the card’s travel-related rewards and privileges.
Eligibility criteria
Firstly, it is necessary to be a Canadian resident, individual net income not less than $60,000 per year, or household net income not below $100,000 per year. Moreover, this means: you have to be the legally required age in the province/territory you reside in and possess a satisfactory credit history.
It also entails that the candidate has not been associated with any recent bankrupt companies in the past three months and has not been 90 days or more past due on any of their payments.
How to apply for the CIBC Aventura Visa Infinite Card
The application process towards the CIBC Aventura Visa Infinite Card has been made easy to ensure that you start emerging as a winner from the word go. This therefore means that while using CIBC there are several ways of applying either online or even by interacting with the CIBC staff in a physical way.
Via website
Online application via the CIBC website is a perfect approach because it is fast and does not require the client to visit the office. All one has to do is go to CIBC Aventura Visa Infinite Card and click on the ‘apply now’ button. You will then be taken through a simple and straight forward application form which has sections that will require you to state your name, address, employment details, and income.
The online application simply means that you will not need to download any form since the one you fill online will be easy to complete. The application form once submitted is processed for approval and you get the results of the approval within minutes.
Through the mobile application
Another advantage of the CIBC Aventura Visa Infinite Card, if you prefer to do your financial management on your smartphone, you can apply for the card using the CIBC Mobile Banking App. instal the app on your Smartphone,log in your account, and go to the credit card tab. Then you have the option of choosing the CIBC Aventura Visa Infinite Card for yourself and proceed to apply for it.
Through the store/branch
If the applicant is likely to engage in more personal discussion as with the case in branch application, then it is advisable to apply for CIBC Aventura Visa Infinite Card. You can obtain the application for the above products from any CIBC Branch and a CIBC representative will help you fill the forms. This option enables you to ask questions, receive an instant response and confirm all the recorded details are correct.
